|Bid||6.30 x 0|
|Ask||6.53 x 0|
|Day's Range||6.31 - 6.43|
|52 Week Range||6.05 - 10.22|
|PE Ratio (TTM)||11.30|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||0.12 (1.61%)|
|1y Target Est||7.60|
VANCOUVER, British Columbia, based District Copper Corp. (TSX-Venture: DCOP) announced that it has signed ...
Lundin took its all-cash offer of C$4.75 per share directly to Nevsun shareholders on July 26, after its five previous proposals were rejected by the company. Nevsun previously said, Lundin's offer undervalues the miner's Bisha mine in Eritrea and the Timok project and had cited a recent prefeasibility study, which valued the Serbian copper project at $1.82 billion.
Nevsun Resources (TSX:NSU)(NYSE:NSU) is trading above Lundin Mining Corp's (TSX:LUN) current all-cash offer. Are investors expecting a higher offer?
Lundin Mining Corp (Toronto:LUN.TO - News) launched a hostile C$1.4 billion ($1.1 billion) takeover bid for fellow Canadian miner Nevsun Resources Ltd (Toronto:NSU.TO - News) on Thursday, saying it had failed to convince Nevsun's board to strike a friendly deal over the past nine months. In a direct pitch to Nevsun shareholders for its C$4.75 a share offer, cash-rich Lundin said in a circular it became apparent over time that Nevsun management was unlikely to agree to a transaction, despite multiple attempts to address its concerns. "Each time we presented a proposal, the goal post changed," said outgoing Lundin CEO Paul Conibear on a conference call Thursday.
TORONTO, July 26, 2018 (GLOBE NEWSWIRE) -- (LUN.TO) (Nasdaq Stockholm:LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) announced today that it has formally commenced the offer (the “Offer”) to acquire all of the issued and outstanding common shares (“Nevsun Shares”) of Nevsun Resources Ltd. (“Nevsun”) (NSU.TO) (NSU.TO). The notice and advertisement of the Offer appear in the July 26, 2018 editions of the Globe & Mail and Le Devoir, and the Offer and take-over bid circular (the “Offer and Circular”) and related documents will be filed with the Canadian securities regulators on SEDAR under Nevsun’s profile at www.sedar.com and with the United States Securities and Exchange Commission at www.sec.gov. Under the terms of the offer, Nevsun shareholders will receive C$4.75 in cash for each Nevsun Share tendered to the Offer.
The company said Conibear, who led the company for seven years, will be replaced by Chief Financial Officer Marie Inkster and that the transition process will be completed by the end of the year. Conibear's retirement comes as the cash-rich base metals producer readies a formal C$4.75 a share cash offer for Nevsun shareholders after previous proposals were rejected by its fellow Canadian miner. Lundin has said it plans to file a circular with its offer on Friday.
Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) announced today that, following a successful seven-year tenure as the Company's President and Chief Executive Officer, Paul Conibear has announced his intention to retire. As a result of the Board’s succession planning process, Marie Inkster, Senior Vice President and Chief Financial Officer, has been selected to assume the role of President and Chief Executive Officer upon Mr. Conibear’s retirement.
Toronto, July 25, 2018-- Lundin Mining Corporation today reported cash flows of $118.3 million generated from operations in its second quarter of the year. Net earnings from continuing operations attributable ...
Lundin Mining Corp. (TSX:LUN) is a great choice if you want to get into copper stocks. Never mind the drop in copper prices – this commodity is solid.
Lundin Mining Corp. (TSX:LUN) heads up a list of the best-valued mining stocks on the TSX. Looking for high growth? These stocks have you covered.
Nevsun's shares soared 14.2 percent on the Toronto Stock Exchange to C$4.80, above Lundin's per share offer of C$4.75. "This latest announcement from Lundin continues to ignore the fundamental value of Nevsun and its assets," Nevsun's Chief Executive Officer Peter Kukielski said in a statement. Lundin's new all-cash bid is about C$100 million lower than the cash-and-stock offer made in May, in partnership with Euro Sun Mining Inc (Toronto:ESM.TO - News).
Lundin offered C$4.75 per share, a premium of 12.8 percent to Nevsun's closing price of C$4.21 on Monday. Cash-rich Lundin has been eyeing Nevsun's large high-grade Timok copper project in Serbia and its Bisha copper and zinc mine in Eritrea, in a partnership with Euro Sun Mining Inc. Together the two companies proposed to buy Nevsun outright in May for C$1.5 billion, but were rejected by the company saying the price was too low and the deal had a "problematic structure".
Lundin Mining says it plans to make a restructured $1.4-billion cash offer for Nevsun Resources after a previous attempt fell through. In May, the Toronto-based mining company partnered with Euro Sun Mining Inc. on a roughly $1.5-billion takeover offer that was a combination of cash as well as shares in both Lundin and Euro Sun. Nevsun's board rejected the previous offer because it said it overvalued Euro Sun's shares and because the company's involvement raised other uncertainties.
LONDON, UK / ACCESSWIRE / July 16, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Gran Colombia Gold, Nemaska Lithium, IAMGOLD, and Lundin Mining. The S&P/TSX Composite Index lost 6.30 points, or 0.04%, to close Friday's trading session at 16,561.12. The TSX Venture Exchange shaved off 3.73 points, or 0.51%, to finish at 725.24.
TORONTO, July 10, 2018-- Lundin Mining Corporation announces that the report for the second quarter ended June 30, 2018 will be published on Wednesday July 25, 2018.. The Company will hold a telephone ...
Lundin Mining Corporation (TSX:LUN) trades with a trailing P/E of 11.4x, which is higher than the industry average of 11.2x. Although some investors may jump to the conclusion that youRead More...
LONDON, UK / ACCESSWIRE / June 18, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Lundin Mining, Moneta Porcupine Mines, Nevsun Resources, and First Majestic Silver. The TSX Venture Exchange shaved off 6.86 points, or 0.90%, to finish at 754.40. Today's stocks of interest consist of: Lundin Mining Corporation (TSX: LUN), Moneta Porcupine Mines Inc. (TSX: ME), Nevsun Resources Ltd (TSX: NSU), and First Majestic Silver Corporation (TSX: FR).
Lundin Mining Corporation (TSX:LUN), a metals and mining company based in Canada, saw significant share price volatility over the past couple of months on the TSX, rising to the highsRead More...
Euro Sun Mining Inc. (ESM.TO) (“Euro Sun” or the “Company”) reports that the Company has amended its portion of the joint proposal with Lundin Mining (LUN.TO) to acquire Nevsun Resources (NSU.TO) to include CDN$150 million in cash and CDN$150 million in ESM stock. The Company encourages Nevsun’s management and Board of Directors to engage as it is in the best interests of all stakeholders. The total proposed consideration of CDN$5.00 per share for the acquisition of all Nevsun stock includes CDN$150M cash from Euro Sun and CDN$600M cash from Lundin Mining along with CDN$150M in Euro Sun stock and CDN$600M in Lundin Mining stock.